Analysts Issue Forecasts for Redwire FY2025 Earnings

Redwire Co. (NYSE:RDW) – Analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of Redwire in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard anticipates that the company will earn ($0.24) per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $6.00 target price on the stock. The consensus estimate for Redwire’s current full-year earnings is ($0.84) per share.

Several other research analysts have also issued reports on the stock. B. Riley lowered shares of Redwire from a “buy” rating to a “neutral” rating and increased their price target for the stock from $8.00 to $9.50 in a research note on Tuesday, October 29th. HC Wainwright raised their target price on shares of Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Roth Mkm boosted their price target on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.46.

Redwire Trading Down 3.0 %

RDW opened at $21.66 on Wednesday. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -17.90 and a beta of 2.17. The stock has a fifty day simple moving average of $14.10 and a two-hundred day simple moving average of $9.58. Redwire has a 12-month low of $2.76 and a 12-month high of $22.50.

Insider Transactions at Redwire

In other news, major shareholder Park Lp Genesis II sold 89,870 shares of the company’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $16.99, for a total transaction of $1,526,891.30. Following the transaction, the insider now directly owns 4,603,427 shares of the company’s stock, valued at $78,212,224.73. This represents a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 267,656 shares of company stock worth $4,721,852. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Redwire

Large investors have recently bought and sold shares of the business. Barclays PLC boosted its holdings in shares of Redwire by 55.8% during the 3rd quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock valued at $8,115,000 after acquiring an additional 422,854 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Redwire by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 523,743 shares of the company’s stock worth $3,599,000 after purchasing an additional 30,963 shares during the period. State Street Corp grew its position in Redwire by 8.1% during the third quarter. State Street Corp now owns 473,295 shares of the company’s stock valued at $3,252,000 after buying an additional 35,519 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in Redwire during the third quarter valued at approximately $623,000. Finally, Penserra Capital Management LLC raised its position in Redwire by 16.5% in the third quarter. Penserra Capital Management LLC now owns 74,626 shares of the company’s stock worth $512,000 after acquiring an additional 10,558 shares during the period. 8.10% of the stock is currently owned by institutional investors.

About Redwire

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.